Arab Bank Group reports first quarter 2021

Arab Bank Group reports first quarter 2021

Arab Bank Group reports first quarter 2021 net profit of $128.3 million Arab Bank Group has consolidated the financial statements of Oman Arab Bank under Group accounts in the first quarter of 2021. Oman Arab Bank has also recently finalized the acquisition of Al Izz Islamic Bank, a full-fledged Islamic bank, accordingly strengthening its presence in the Sultanate of Oman, in line with Arab Bank’s strategy to reinforce its business in the Gulf region. The consolidation of Oman Arab Bank under the Group accounts has materially increased the size of…

Vincitore Realty launches largest outdoor retail experience  to create a new Downtown at Dubailand

أطلقت شركة فينسيتور ريالتي أكبر تجربة بيع بالتجزئة في الهواء الطلق

Vincitore Realty is redefining the boutique retail experience in Dubailand with its latest offering – The Promenade at the Vincitore Boulevard near Miracle Gardens at Arjan in Dubailand – that is going to offer a completely new outdoor retail experience and attract visitors to the neighbourhood Vincitore Realty launches The Promenade, one of its kind retail concept realty ready to become the new retail downtown of Dubailand; The Promenade is planned to cater to all the residents and tourists retail needs under one roof. There is a beautiful long boulevard…

UAE’s ‘Rubber World Industry’ Launches Dh90 Million Eco-friendly HVAC

شركة رابر وورلد للصناعة تعمل في مجال تصنيع وتوريد منتجات التدفئة والتهوية

UAE’s ‘Rubber World Industry’ Launches Dh90 Million Eco-friendly HVAC, MEP production unit M/s Rubber World Industry, 28 years leadling manufacturer and supplier of the HVAC and MEP products and accessories in the UAE, today launched ‘United Air-Conditioning’, a specialized company with an investment of Dh90 Million ($25 Million) into a production plant in Al Jurf industrial area, Ajman, to meet the growing demand of its environmentally friendly products. The new manufacturing unit, spanning over 10,000 m2 area, is part of the company’s expansion plans backed by the rising demand for…

Procter & Gamble re-affirms commitment to gender equality at the #WeSeeEqual Summit

P&G’s declaration came as part of the annual event with high-profile global equality advocates Indra Nooyi and Bonang Matheba Dubai, UAE, 21 February 2021: Procter & Gamble (P&G) reiterated its commitment around a number of initiatives that will promote gender equality during the annual #WeSeeEqual Summit – part of the company’s citizenship focus on being a Force for Good and Force for Growth. Hosted virtually for the first time, the event saw distinguished advocates and personalities from private and public sectors come together to address the challenges of gender and…

Brazil at Gulfood 2021 with 42 Companies, Reinforces Post-Pandemic Recovery

Brazil at Gulfood 2021 with 42 Companies, Reinforces Post-Pandemic Recovery

Dubai, United Arab Emirates, (AETOSWire): Brazil today said its pavilion at the upcoming Gulfood 2021 will have a large contingent of 42 companies showcasing the country’s best-in-class food and beverage products. Brazilian companies will be taking part at Gulfood 2021 which opens on February 21, 2021 and will run till February 25, under the auspices of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil). Mr. Marcio Rodrigues, the Agribusiness Manager of Apex-Brasil said: “Brazil today is the largest producer and exporter of Halal protein in the world, we also are…

KEF Holdings launches Meitra Care Network . to disrupt India’s US$193 billion healthcare sector

كي إي إف القابضة تطلق شبكة ميترا للرعاية بهدف إحداث تحول جذري

KEF Healthcare, an integral part of KEF Holdings’ vision for the future, unveiled the Meitra Care Network at Meitra Hospital in Calicut, India, on 13th Building on the success of one of India’s most prestigious hospitals, Meitra Hospital, KEF Healthcare has entered its next phase of growth with the launch of the Meitra Care Network. KEF Healthcare has also announced a ground-breaking collaboration with Canadian Specialist Hospital, Dubai, which will serve as a Joint Centre of Excellence, providing a full range of heart and vascular care. K. Shailaja, Hon’ble Health…

Lootah Real Estate Development reveals top 7 drivers of UAE real estate’s recovery in 2021

Lootah Real Estate Development reveals top 7 drivers of UAE

The UAE is projected to see a V-shaped recovery from the impact of COVID-19, gauging from the notable pick up in trade and tourism sectors and the renewed positive sentiments brought about by historic immigration rules and peace deals spearheaded by the country LRED’s Industry Insights Report underlined UAE’s series of historical immigration rules, game-changing regulatory amendments, Expo 2020 developments and higher appetite from Dubai renters to become homeowners will significantly fuel the recovery and growth of the country’s property market The leading global position of the UAE in key…

OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation

OPEC Fund Supports Post-COVID-19 African Infrastructure With m Loan to Africa Finance Corporation

VIENNA–(BUSINESS WIRE/AETOSWire)– The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005070/en/ The proceeds of the 10-year loan to AFC will help address the continent’s well-known infrastructure financing gap. The loan will also support increased financial flows to Africa and contribute to COVID-19 recovery efforts in…

UAEREP Launches Fourth Cycle and Starts Receiving Project Proposals

UAEREP Launches Fourth Cycle and Starts Receiving Project Proposals

Abu Dhabi, United Arab Emirates,  The UAE Research Program for Rain Enhancement Science (UAEREP) announced the launch of its fourth cycle at the fifth International Rain Enhancement Forum (IREF), convened virtually under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Presidential Affairs. Submissions are open to innovative project proposals from across the globe. The program offers a grant of up to US$1.5 million, distributed over three years with a maximum annual amount of $550,000 for each winning research proposal in…

TBHF responds to unprecedented humanitarian challenges in 2020  with 39 projects that touch over 803,000 lives in 15 countries

فين الع

The Big Heart Foundation infused AED 39 million in projects that impacted 7 vital sectors Mariam Al Hamadi: The Foundation continues to boost its readiness to fulfill its duties in overcoming humanitarian challenges being encountered globally. TBHF’s projects focused on healthcare, education, infrastructure, offering protection, improving livelihoods and fulfilling basic needs, in addition to emergency aid and relief. SIARA 2020 honoured unique humanitarian interventions geared towards advancing psychosocial wellbeing of refugees. In a tumultuous year marked by economic and social upheavals worldwide as nations battled the unprecedented COVID-19 pandemic, and…